Unformatted text preview: Financial Accountability and Reporting – Assessments and Final Exam Assessment Tasks The activities you will face in this course are: 1 2 3 4 On-‐line quiz 1 On-‐line quiz 2 Individual Assignment Final Exam 10% of the final assessment 10% of the final assessment 20% of the final assessment 60% of the final assessment To pass this course you must obtain an aggregate overall mark of at least 50 per cent in all 4 pieces of assessment. Assessment Details 1 2 On-‐line solo test 1 On-‐line solo test 2 10% of the final assessment 10% of the final assessment Students will be required to electronically complete two on-‐line solo tests, respectively on week 4 and week 7. The tests will verify students’ knowledge and understanding about the topics covered by the course until each test. Both tests are to be completed on line upon release. Each test will remain available for completion during a specified timeframe and cannot be taken twice by the students. 3 Individual Assignment 20% of the final assessment Students will be required to electronically submit one assignment via the turnitin system, around week 8/9, as it will be detailed during the course and on Blackboard announcements. Assignment will assess: •
• knowledge and understanding of specific course contents; capability of analysis and argument on the topic; clarity in presenting and referencing. To complete the individual assignment, students will need to collect financial statements, and also refer to other sources (textbook, other books, journals, newspapers) to provide answers and comments in a clear and well-‐structured articulation. The assignment is to be completed individually. Each electronically submitted assignment will be automatically forwarded to Turnitin and subjected to an assessment of authenticity/originality, so Course Coordinator: Giulia Leoni Financial Accountability and Reporting – Assessments and Final Exam please ensure your submission is your own individual work – severe penalties will apply for work that is not original/individual. Please refer to the RMIT Academic Integrity and plagiarism procedure as on the RMIT official website ( ). Late Submissions -‐ penalties Marks for late submissions will be reduced progressively by 10% (of total available marks) for each day or part-‐day that the assignment is late. For example, if your assignment is one day late then you will be penalised 10% of 20 marks which is 2 marks. Assignments that are late by 7 days or more will not be marked and will be awarded zero unless a formal extension of time has been granted. 4 Final Exam 60% of the final assessment The final exam carries 60% towards the final assessment. The material examinable is all the material covered in the course: Weeks 1 to 12 inclusive and all the set readings from the textbook. The duration of the final exam will be 2 hours and 15 minutes writing time, plus 15 minutes reading time. The date, time, and venue for the final exam will be advised. The final exam will consist of a combination of theoretical and practical questions based on issues covered in the course. The final exam will be designed to test your ability to identify issues, make judgements and determine and apply the appropriate accounting treatment, describe, explain, and critically evaluate accounting treatments, and in addition, your ability to effectively communicate your learning in written form. Preparing for the Test / Final Exam You should review the lecture materials and relevant textbook materials. You should attempt all class exercises and essential exercises, (starting with a blank sheet of paper, without looking at the solution until you have made a genuine attempt at the question). For the Test / Final Exam it is assumed that you have practiced answering questions by yourself, using the class exercises and essential exercises, and therefore you can answer questions efficiently. The lecture illustrations, lecture overheads, class exercises, essential exercises, and relevant textbook materials are a good guide to possible questions. Calculators in the Test / Final Exam Only numeric-‐only keypad calculators can be used in the mid-‐semester test/ final exam room. Calculators with text-‐input facilities will not be permitted in the test / final exam room. You are not allowed to use your mobile phone as a calculator. If you have any questions about the appropriateness of your calculator, you must ask the Course Coordinator or the Lecturer for clarification, at least one week prior to the day of the final exam. Dictionaries in Test / Final Exam Course Coordinator: Giulia Leoni Financial Accountability and Reporting – Assessments and Final Exam No dictionaries are allowed in the test / final exam room unless duly authorised as special consideration by the Corporate Accounting Program Coordinator on the recommendation of RMIT Disabilities Liaison Unit or a Student Counsellor. You must bring this authorisation to the mid-‐
semester test/ exam venue. RMIT Student ID Cards at Final Exam You must bring your RMIT student identification card to the final exam venue, as your card will be checked. Also, there will be a check of signatures during the final exam. Course Grades The course grades available in this course are as follows: HDH -‐ High Distinction, 80 to 100% DID -‐ Distinction, 70 to 79% CRC -‐ Credit, 60 to 69% PAP -‐ Pass, 50 to 59% NNN -‐ Fail, 0 to 49% RWT -‐ Result withheld DEF -‐ Result deferred Assessment Guidelines (from P. Boyle EQARD) • High Distinction A High Distinction involves exceptionally clear understanding of course matter and appreciation of issues; well organised, formulated and sustained arguments, well thought out and structured diagrams, relevant literature referenced, and; evidence of creative insight and originality in terms of comprehension, application and analysis with at least some synthesis and evaluation. • Distinction A Distinction involves strong grasp of course matter and appreciation of key issues, perhaps lacking a little on the finer points; clearly developed arguments; relevant and well-‐structured diagrams; appreciation of relevant literature, and; evidence of creative and solid work in terms of comprehension, application, analysis and perhaps some synthesis. • Credit A Credit involves competent understanding of course matter and appreciation of some of the main issues though possibly with some gaps; clearly developed arguments; relevant diagrams and literature use, perhaps with some gaps; well prepared and presented, and; solid evidence of comprehension and application with perhaps some analysis. • Pass Course Coordinator: Giulia Leoni Financial Accountability and Reporting – Assessments and Final Exam A Pass involves some appreciation of course matter and issues; work generally lacking in depth and breadth and with gaps. Often work of this grade comprises a simple factual description (i.e. basic comprehension) but little application or analysis. Work of this grade may be poorly prepared and presented. Investment of greater care and thought in organising and structuring work would be required to improve. • Fail A Fail involves evidence of lack of understanding of course (minimal or inadequate comprehension and little or no application) and inability to identify issues, and; often inadequate in depth and breadth, and; sometimes incomplete or irrelevant. Borderline Course Results For borderline course results all major pieces of assessment will be marked by a second examiner. Borderline fails in this course are determined when the overall mark is in the range 40 to 49 inclusive. A major piece of assessment is defined as 50% or more of the available work. Clarification of Course Results If you fail, you may seek clarification of your result by making an appointment with the course coordinator or the lecturer. Other Relevant Information Academic Policies and Procedures Information relating to policies and procedures can be found from the RMIT website. Where matters beyond your control interfere with the completion of assessment components, you may seek special consideration. Information is available from the RMIT website Academic Misconduct & Plagiarism Plagiarism is the presentation of the work, idea or creation of another person as though it is your own. It is a form of cheating and is a very serious academic offence that may lead to expulsion Course Coordinator: Giulia Leoni ...
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